Post
Topic
Board Speculation
Re: The weekly trading volume of bitcoin in Venezuela reached $ 55 million.
by
darewaller
on 20/04/2018, 18:42:17 UTC
Venezuela's economy has collapsed, and their fiat money is worthless.

Local residents pay through BTC to meet daily life needs!

Many BTC minerals are also in venezuela!
This is just the same exact incidence that is happening in Zimbabwe and it is good because it is obvious that the real life usage of bitcoin as a currency is actually going to be helping a whole lot of things and most especially could help make the countries that have experienced a high level of inflation and dead economy to in a way revive their economy. However, we know corruption made these systems this way, and the citizens finding freedom from the problem their own government has placed them makes it awesome.

It is good to know that citizens from these countries where there has been huge inflation with an extremely dead fiat system are beginning to find solace in the usage of bitcoin. That reminds me of how Zimbabwe has really been using bitcoin a lot for transaction purposes than one can imagine which has made the value to shoot higher than normal in this place than other places globally. It is a good thing to know bitcoin is really making huge impact.